#Section 153A
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1,339 articlesIncome Tax
Income Tax
Proceedings u/s 153A can be initiated only based on incriminating materials found during search of assessee’s premises
Income Tax
Income Tax
Reassessment proceedings u/s 148 stood abated by virtue of search action u/s 132(1)
Income Tax
Income Tax
Penalty u/s 271AAB not imposable in absence of conduct of search
Income Tax
Income Tax
Addition towards bogus purchases unsustainable if bogus purchases shows higher gross profit than regular
Income Tax
Income Tax
Penalty u/s. 271(1)(c) not leviable as change in method of accounting not concealment
Income Tax
Income Tax
Addition merely based on statement u/s 132(4) without collaborative evidence is unsustainable
Income Tax
Income Tax
Deeming fiction of section 50C doesn’t apply in case of purchaser
Income Tax
Income Tax
Gift to persons who work for company is allowable as business expenditure
Income Tax
Income Tax
Case can be transferred from Jurisdictional AO to Central Circle u/s 127
Income Tax
Income Tax
Addition u/s 68 unsustainable as no incriminating material found during search
Income Tax
Income Tax
Penalty u/s 271(1)(c) leviable on additional income disclosed out of seized material
Income Tax
Income Tax
Literal interpretation of language of Section 245A of Income Tax Act is justified
Income Tax
Income Tax
Mistake in accepting returned income instead of substituting with assessed income is apparent error rectifiable u/s 154
Income Tax
Income Tax
